4 acres, 5,000 sq ft, $425K [Archive] - Beyond.ca - Car Forums

Skyline_Addict

12-12-2016, 02:12 AM

Originally posted by M.alex
probably contaminated water table or previous occupants were evicted and let the place flood causing mold to grow everywhere?

Btw, anybody notice in one of the pictures there's pink rope forming an X between the doors ... wonder what's up with that.

Yup. Saw that. Probably one of many red flags not disclosed in photos or listing info...

killramos

12-12-2016, 07:47 AM

Seems to me like even if you had to tear most of the house down its a good deal...

If you happened to be in a position to do the repairs yourself this could still be a money listing.

ZeroGravity

12-12-2016, 10:17 AM

Originally posted by M.alex
probably contaminated water table or previous occupants were evicted and let the place flood causing mold to grow everywhere?

Btw, anybody notice in one of the pictures there's pink rope forming an X between the doors ... wonder what's up with that.

No deck outside? or deck falling apart? deck railing missing?

Dycker

12-12-2016, 10:19 AM

Two electric transmission lines 100m directly to the north will bring the price down. Hell, maybe there is a third right of way caveat between the porch and the nearest line.

GTR_Auto

12-12-2016, 10:40 AM

Strange for sure

I noticed all the doors have an "X"

asp integra

12-12-2016, 10:43 AM

very strange, would love to know the whole story behind this place...

dr_jared88

12-12-2016, 10:53 AM

They just added this to the listing:

Martin Darknell will be the realtor on site he is helping due to the fact that Danny/Bobbi will not be showing or writing due to the multiple offer situation. We are working hard at responding to everyone and will get to everyone in due time. If just inquiring I will respond on Monday, if booking a showing please TEXT my cell 403-968-1777. OFFERS WILL BE PRESENTED AT 11:15AM WEDNESDAY MORNING! PLEASE FAX 403-366-3754 OR EMAIL [email protected] Attention : DANNY and/or BOBBI. PLEASE SUBMIT BEFORE 10 AM. Price is correct. We are now in multiple offer situation. Due to the overwhelming activity on this listing please call only if you are serious. Do not call after business hours. We are doing our best to answer all calls and questions.

Very interested in the story on this.

NoPulp

12-12-2016, 10:59 AM

I heard it didn't have an occupancy permit? Apparently it has some issues.
Someone said the price was dropped a million dollars recently?

Something fishy with it.

AndyL

12-12-2016, 11:02 AM

No occupancy, serious structural deficiency is what a family member who went and looked last week said. Estimate in hand was 250k to make it habitable.

revelations

12-12-2016, 11:08 AM

If the realtors had any ethical considerations at all, they would post that information in the listing. Would have saved them a bunch of nonsense phone calls and wasted trips (for viewers) out there.

Masked Bandit

12-12-2016, 11:11 AM

So with no occupancy permit (who knows why), could you buy this, de-construct the house and sell a lot of the building materials off (cabinets, lighting & plumbing fixtures, etc.)? You've still got the land after that.

Xtrema

12-12-2016, 11:51 AM

Originally posted by AndyL
No occupancy, serious structural deficiency is what a family member who went and looked last week said. Estimate in hand was 250k to make it habitable.

That's still really good. Gotta be more than that to list it at $450K.

2Legit2Quit

12-12-2016, 11:52 AM

Yeah that's why I think the bidding war might come into play if it's actually only ~$250k to "fix up". Probably a move on the real estate agents part.

ercchry

12-12-2016, 11:58 AM

$250k is probably bare minimum to "fix" it... then another $200k to finish it (including landscaping)

...and you're still left with a house under power lines, a few blocks from an industrial area

Probably would be hell to get financing for this also, talking close to purchase price worth of improvements, so even with a lender willing to do it, probably $200k down on this "$425k" house

Xtrema

12-12-2016, 12:15 PM

Originally posted by ercchry
$250k is probably bare minimum to "fix" it... then another $200k to finish it (including landscaping)

...and you're still left with a house under power lines, a few blocks from an industrial area

Probably would be hell to get financing for this also, talking close to purchase price worth of improvements, so even with a lender willing to do it, probably $200k down on this "$425k" house

You won't get cheap loan on this, it's basically same as infield redevelopment, or even worse in this case.

Cash up front.

ExtraSlow

12-12-2016, 12:32 PM

Worst rural area anywhere around calgary. By a long shot. Total shithole.

Buster

12-12-2016, 01:43 PM

On the upside you can catapult some lampcord straight up off the roof to get free power.

Might need to stop by radio shack for a transformer, though.

rvd

12-12-2016, 01:52 PM

Originally posted by ExtraSlow
Worst rural area anywhere around calgary. By a long shot. Total shithole.

How come ?

M.alex

12-12-2016, 01:55 PM

Originally posted by AndyL
No occupancy, serious structural deficiency is what a family member who went and looked last week said. Estimate in hand was 250k to make it habitable.

Was it built wrong? Previously owners damaged the house when leaving? Details, we need details, lol!

01RedDX

12-12-2016, 01:56 PM

Mitsu3000gt

12-12-2016, 02:08 PM

Interesting the realtor chooses not to mention a single word any of the problems with the property. Seems shady. Also strange that he's using crooked cell phone photos for such a high profile property getting lots of media attention.

The ad now says it's in a multiple offer situation though, but I wonder what those offers are...

speedog

12-12-2016, 04:20 PM

Originally posted by 01RedDX

Well, industrial area and a huge NG powerplant right there and not many amenities.

To be fair, any of that is 3 miles or more as the crow flies and there many homes closer to what you speak of than this home.

B69

12-12-2016, 04:22 PM

It's in the Conrich area East of Calgary. It's cheap because its the ghetto on a swamp.

Kloubek

12-12-2016, 04:49 PM

Originally posted by B69
It's in the Conrich area East of Calgary. It's cheap because its the ghetto on a swamp.

I'm pretty sure this is a fair bit south and a bit east of Conrich. It like... 20 minute drive away.

I believe this is the place. Someone correct me if I'm wrong:

https://www.google.ca/maps/@50.9583291,-113.8180322,383m/data=!3m1!1e3

jwslam

12-12-2016, 07:20 PM

attachment

jwslam

12-12-2016, 07:20 PM

attachment

jacky4566

12-12-2016, 07:22 PM

Also, because I have special access. The property is current owned by

ALTALINK MANAGEMENT LTD.

FLARE

12-12-2016, 07:59 PM

I think this house was built before those transmission lines went up. The owners sold to the company that put those lines up. I'm not so sure it'll ever be habitable?

I seriously doubt a house built with that much millwork and care has a structural problem. It would've been caught during inspections.

lee88

12-12-2016, 09:50 PM

Yikes!

http://i868.photobucket.com/albums/ab244/flipteck/Mobile%20Uploads/Screenshot_2016-12-12-20-26-32-1_zpsnfiz3u5r.png (http://s868.photobucket.com/user/flipteck/media/Mobile%20Uploads/Screenshot_2016-12-12-20-26-32-1_zpsnfiz3u5r.png.html)
http://i868.photobucket.com/albums/ab244/flipteck/Mobile%20Uploads/Screenshot_2016-12-12-20-26-41-1_zps3ryb3u0u.png (http://s868.photobucket.com/user/flipteck/media/Mobile%20Uploads/Screenshot_2016-12-12-20-26-41-1_zps3ryb3u0u.png.html)

roopi

12-12-2016, 09:52 PM

Has anyone contacted the realtor? I'm curious if they are sharing any information on why the property is listed at this price.

FLARE

12-12-2016, 09:59 PM

Jesus.

01RedDX

12-12-2016, 10:04 PM

Buster

12-12-2016, 10:23 PM

I think that house will suffer a "lightning strike" sometime in the near future.

eglove

12-12-2016, 10:24 PM

Hahahahah

RickDaTuner

12-12-2016, 10:33 PM

I just want to know what the new owners are going to do about the house sinking into the marsh...

In my option it's not even worth it to relocate the structure to another parcel of land.

spikerS

12-12-2016, 10:47 PM

it is definitely fixable, but it isn't going to be cheap.

Even if someone is willing to put in their own sweat equity, and went at it full time, and hired trades to help, this is going to be $4-500,000 to repair, and at least a 6 moth time frame.

There is money to be made for sure, but exactly how much is going to depend on the proximity to the transmission lines, because people don't want to be too close to them.

I would estimate that there might be $1-200,000 in equity to be made, but, you would have to be patient and wait for the right buyers.

spikerS

12-12-2016, 10:57 PM

Just mapped it, and it looks to be about 100 yards south of the lines....This may be a break even venture.

blitz

12-12-2016, 11:24 PM

Looks more like 120ft...

BerserkerCatSplat

12-12-2016, 11:38 PM

Originally posted by blitz
Looks more like 120ft...

Yeah, 120ft to the deck, 140 to the house itself. Pretty damn close.

Vanish3d

12-13-2016, 08:35 AM

I'm a realtor and went to see it.
Altalink bought it in middle of construction as they wanted to build their power lines and gave the owners an option to buy them out. Owners did. Contractors apparently didnt do a good job to finish the job. Altalink never bother to get an occupancy permit and tried to sell it at 1.3M for 220 days then realized they don't have a permit. When they went to get out they found the list of defects.

I'm sure Altalink have deep pockets and have done the math. If it was worth it to fix then sell for 1.3M they would have.

I'll post the sale price once it's updated.

Lex350

12-13-2016, 08:41 AM

wow...would love to know the name of the "builder" on this piece of shit.

Buster

12-13-2016, 09:09 AM

note to self: do not hire altalink to build my house.

RealJimmyJames

12-13-2016, 09:29 AM

This place isn't even a good deal at the asking price. If they are hoping to get significantly more through a bidding war, well, I hope the idiot that buys it knows what they are getting into.

G-ZUS

12-13-2016, 09:41 AM

Originally posted by Buster
note to self: do not hire altalink to build my house.

Didn't AltaLink buy after it was built?

Brent.ff

12-13-2016, 09:44 AM

funny to look at it in google earth. they built it with full knowledge that they were immediately next to the right-of-way... Maybe owners scored on selling it to altalink

Swank

12-13-2016, 10:57 AM

Apparently you have to Indiana Jones your way out of that place too :rofl:

REALTORS THE DOOR IS NOT LOCKING PROPERLY FROM THE OUTSIDE....LEAVE OUT THE GARAGE ONCE YOU HAVE STARTED TO CLOSE THE DOOR. CALL FOR DIRECTION.

Mitsu3000gt

12-13-2016, 11:00 AM

Originally posted by RealJimmyJames
This place isn't even a good deal at the asking price. If they are hoping to get significantly more through a bidding war, well, I hope the idiot that buys it knows what they are getting into.

When I read "bidding war" I assumed maybe a couple people offered $50K or something haha.

The realtor is shady AF. Not even one word about the issues in the ad.

Aaaaaron

12-13-2016, 11:08 AM

Warren Buffet must be pissed!

austic

12-13-2016, 11:10 AM

Originally posted by Vanish3d
I'm a realtor and went to see it.
Altalink bought it in middle of construction as they wanted to build their power lines and gave the owners an option to buy them out. Owners did. Contractors apparently didnt do a good job to finish the job. Altalink never bother to get an occupancy permit and tried to sell it at 1.3M for 220 days then realized they don't have a permit. When they went to get out they found the list of defects.

I'm sure Altalink have deep pockets and have done the math. If it was worth it to fix then sell for 1.3M they would have.

I'll post the sale price once it's updated.

This makes sense. You couldn't pay my wife that much to live that close to power lines. Not sure who would pay 450K for that list of problems with a piece of land that will pretty much glow in the dark.

BigDL

12-13-2016, 11:27 AM

I wonder how screwed up the foundation is now with how long it has been sitting there with the grading issues.

88CRX

12-13-2016, 11:47 AM

Foundation, grading and building envelope issues.

Nope, nope and nope.

Type_S1

12-13-2016, 11:57 AM

Originally posted by 88CRX
Foundation, grading and building envelope issues.

Nope, nope and nope.

Not to mention the likelihood of being diagnosed with cancer will increase exponentially.

jacky4566

12-13-2016, 12:13 PM

Originally posted by Type_S1

Not to mention the likelihood of being diagnosed with cancer will increase exponentially.

Dunno if you are kidding. To my knowledge there is no correlation between cancer rates and elevated static EMF.

From Health Canada: The conclusion by the majority of experts in this subject area is that, while some epidemiological studies suggest a weak statistical link between EMFs and certain types of cancer, other epidemiological studies and the bulk of laboratory studies do not substantiate this link. Based on the weak epidemiological evidence from childhood leukaemia studies, the International Agency for Research on Cancer has classified power-frequency magnetic fields as "possibly carcinogenic to humans" (the same classification applied to, for example, coffee and pickled vegetables).

However the buzzing noise alone would be enough for me to say no thanks.

88CRX

12-13-2016, 12:13 PM

Originally posted by Type_S1

Not to mention the likelihood of being diagnosed with cancer will increase exponentially.

4 strikes and you’re out?

M.alex

12-13-2016, 12:25 PM

I wonder if all the offers are like for $50k or if people are bidding the 'full' price using the logic it can't be that bad

mzdspd

12-13-2016, 12:26 PM

Originally posted by jacky4566

However the buzzing noise alone would be enough for me to say no thanks.

You are living in a swamp.. You will hear the buzzing noise all summer anyways :rofl:

This house just seems like a complete disaster.

redblack

12-13-2016, 12:40 PM

This house is placed no closer than homes I've seen around Calgary. There are plenty of homes built right next to transmission right of ways.

Kloubek

12-13-2016, 01:03 PM

When we bought our (almost finished now) property in Chestermere, we had the availability of a corner pie lot that was quite huge for not a lot more money. We have a big lot to begin with, and this thing was at least 50% bigger. But the back yard directly faced a power line tower, with the lines running really close to the property itself. In fact, the lines and tower itself were even closer to that property than they are for this horror story of a house.

I visited that lot twice, and at no time did I ever hear any buzzing. But having the lines that close and to stare at that big metal tower every day was enough to say no-go.... despite the lot size.

Still, the lot is sold now so somebody saw the value in it I guess. My point being that as much as being close to those lines suck, there is always someone who doesn't give a shit.

ercchry

12-13-2016, 01:17 PM

So if you can live closer to the lines than this house is built... and if there has been a line there since 1985 and the commitment to build this current line was in 2007... then why in 2012 did someone start building this, and who the hell paid them $1.7m in 2013?! Cause Alta link wouldn't have bought this heap if they didn't have to, and sure as shit wouldn't pay that much

corsvette

12-13-2016, 08:35 PM

Drove past this place today...4 cars out front. Nice curb appeal, yeah, shitty location.

01RedDX

12-13-2016, 09:08 PM

ShermanEF9

12-13-2016, 09:55 PM

Originally posted by Buster
note to self: do not hire altalink to build my house.

Altalink builds powerlines, not houses. they probably own the land for those lines in the first picture. probably why they own it.

Type_S1

12-13-2016, 11:01 PM

Originally posted by jacky4566

Dunno if you are kidding. To my knowledge there is no correlation between cancer rates and elevated static EMF.

From Health Canada: The conclusion by the majority of experts in this subject area is that, while some epidemiological studies suggest a weak statistical link between EMFs and certain types of cancer, other epidemiological studies and the bulk of laboratory studies do not substantiate this link. Based on the weak epidemiological evidence from childhood leukaemia studies, the International Agency for Research on Cancer has classified power-frequency magnetic fields as "possibly carcinogenic to humans" (the same classification applied to, for example, coffee and pickled vegetables).

However the buzzing noise alone would be enough for me to say no thanks.

I was kidding but tests by accredited institutions usually come up inconclusive to a number of health issues from EMF as long term exposure is not tested. The only effects confirmed by most studies is headaches and fatigue. I for one would rather not risk it.

roll_over

12-13-2016, 11:40 PM

I viewed the home and actually brought out my trades for a meeting there. I priced it at just north of $200k to make it perfect (not including my extra fees), lots of the issues were caused by improper grading and settlement which can be repaired quite easily. Included in my cost was a full gut of the basement before repair (costs can be cut be not doing this). They make it seem much worse then it really is.

The people who think it would cost 400-600k for a repair are out to lunch. I have a list of relatively firm contractor quotes with 35k allowed for incidentals in my budget.

So to put that in perspective, if you hired my company that has an 18% mark up and 15k allowed for staffed general carpentry/site management you would still be below $260k. If I/you did it yourself, searched out multiple quotes and put in the time for minor fixes (like flashing and improper sealing) then it could definitely be done between $160k and $190k.

Also, before a battle ensues on my pricing being off I’d like to mention that I’m currently in the midst of building a 7000sqft acreage home, an inner city 3plex that I had to get a restrictive covenant lifted for then rezone as well as a one of a kind 2600sqft inner city home that I just completed a discretionary use development permit on, all of which are right on budget.

Vanish3d

12-14-2016, 08:57 AM

Originally posted by M.alex
I wonder if all the offers are like for $50k or if people are bidding the 'full' price using the logic it can't be that bad

Believe it or not, I've seen a lot of stupid deals in this business.
My prediction is it will sell for $625K.
Only time will tell - I'll post the sale price when final

SkiBum5.0

12-14-2016, 09:15 AM

Originally posted by roll_over
I viewed the home and actually brought out my trades for a meeting there. I priced it at just north of $200k to make it perfect (not including my extra fees), lots of the issues were caused by improper grading and settlement which can be repaired quite easily. Included in my cost was a full gut of the basement before repair (costs can be cut be not doing this). They make it seem much worse then it really is.

The people who think it would cost 400-600k for a repair are out to lunch. I have a list of relatively firm contractor quotes with 35k allowed for incidentals in my budget.

So to put that in perspective, if you hired my company that has an 18% mark up and 15k allowed for staffed general carpentry/site management you would still be below $260k. If I/you did it yourself, searched out multiple quotes and put in the time for minor fixes (like flashing and improper sealing) then it could definitely be done between $160k and $190k.

Also, before a battle ensues on my pricing being off I’d like to mention that I’m currently in the midst of building a 7000sqft acreage home, an inner city 3plex that I had to get a restrictive covenant lifted for then rezone as well as a one of a kind 2600sqft inner city home that I just completed a discretionary use development permit on, all of which are right on budget.

Sounds like a nice portfolio of work. Does your budget include the landscaping, paving etc?

jwslam

12-14-2016, 09:21 AM

Originally posted by jacky4566
Edit: Its here:
https://goo.gl/maps/UTthTN61zWz
https://www.google.ca/maps/@50.9505603,-113.8189806,3a,54.3y,1.13h,89.64t/data=!3m7!1e1!3m5!1s8841lXw3bD6a9YDfekLU1Q!2e0!5s20160501T000000!7i13312!8i6656

NoPulp

12-14-2016, 09:54 AM

If you think that house is close to the lines, look at the house to the east. Their damn shop is almost directly under the lines...

roll_over

12-14-2016, 10:42 AM

Originally posted by SkiBum5.0

Sounds like a nice portfolio of work. Does your budget include the landscaping, paving etc?

Nope, that's strictly to get this house completely up to code and finished properly with minor upgrades and appliances.

Mitsu3000gt

12-14-2016, 10:45 AM

If the house is worth $1M+ and the repairs are cheaper than expected, why not buy it yourself, do the repairs at cost through your company, and make a huge profit?

01RedDX

12-14-2016, 11:03 AM

Sentry

12-14-2016, 11:20 AM

Aka, the bachelor castle.

88CRX

12-14-2016, 12:04 PM

Dealing with that long of a gravel road would be hell.

speedog

12-14-2016, 12:49 PM

Originally posted by 88CRX
Dealing with that long of a gravel road would be hell.

That gravel road would be maintained by the MD and would most likely plowed regularly if there's any kind of snow.

JfuckinC

12-14-2016, 12:53 PM

Originally posted by 88CRX
Dealing with that long of a gravel road would be hell.

It's under a KM lol... :dunno:

roopi

12-14-2016, 12:53 PM

Originally posted by speedog

That gravel road would be maintained by the MD and would most likely plowed regularly if there's any kind of snow.

Agreed. I have family that lives a bit further east and the roads are always in fantastic condition. Better then Calgary roads.

corsvette

12-14-2016, 02:37 PM

Originally posted by JfuckinC

It's under a KM lol... :dunno:

My parent's gravel road is just over 1 km, it's hell if you own a nice vehicle, it NEVER stays clean. No matter how slow you drive it's dusty, then muddy when it rains. They got quoted over 1mil to pave it, Rockyview won't touch the paving expense. but they do maintain the gravel well.

88CRX

12-14-2016, 02:39 PM

Originally posted by corsvette

My parent's gravel road is just over 1 km, it's hell if you own a nice vehicle, it NEVER stays clean. No matter how slow you drive it's dusty, then muddy when it rains. They got quoted over 1mil to pave it, Rockyview won't touch the paving expense. but they do maintain the gravel well.

My exact concerns.

Gravel roads in winter are usually great haha. It’s the constant dust when its dry and mud when its wet. You literally never have a clean car.

roll_over

12-14-2016, 03:10 PM

Originally posted by Mitsu3000gt
If the house is worth $1M+ and the repairs are cheaper than expected, why not buy it yourself, do the repairs at cost through your company, and make a huge profit?

Apparently they don't plan on giving this house away and will not be accepting offers even close to listed price. I was told to not even waste my time with an offer under 750-800ish, which at that price doesn't make it that good of a deal given the shitty location.

Mitsu3000gt

12-14-2016, 03:17 PM

Originally posted by roll_over

Apparently they don't plan on giving this house away and will not be accepting offers even close to listed price. I was told to not even waste my time with an offer under 750-800ish, which at that price doesn't make it that good of a deal given the shitty location.

Interesting - yeah that is far less attractive. I bet there is still stuff wrong with that place that nobody has found yet.

never

12-14-2016, 03:36 PM

Originally posted by 88CRX

My exact concerns.

Gravel roads in winter are usually great haha. It’s the constant dust when its dry and mud when its wet. You literally never have a clean car.

Yep, it's brutal! When we moved out here (acreage in MD of Foothills, between Bragg and Millarville), the loop off of highway 762 was 3.5 km of gravel road. Our place is at the back of the loop so either had the choice of 1.5 km or 2 km of dust.

We moved in the winter so I didn't have any complaints but once everything thawed, it was brutal. Either covered in mud or dust. There's basically no point washing anything you own.

BUT, the sweet part is that after a couple of year of living out there, the MD paved the loop (well they did a chip seal type surface but it's basically the same as asphalt, just a less smooth surface).

If anyone is into cars, don't consider a house with a gravel access road or it'll drive you nuts.

Sentry

12-14-2016, 03:59 PM

spikerS

12-14-2016, 04:00 PM

Originally posted by roll_over

Apparently they don't plan on giving this house away and will not be accepting offers even close to listed price. I was told to not even waste my time with an offer under 750-800ish, which at that price doesn't make it that good of a deal given the shitty location.

If that is the case, they won't be selling it. I can't imagine anyone paying that kind of money with that laundry list of items that need to be repaired, nevermind the stuff that an inspector doesn't really care about... On top of that, the location...

A fool and their money will soon be parted...

austic

12-14-2016, 04:22 PM

Originally posted by spikerS

A fool and their money will soon be parted...
Always that person that thinks they can get rich and someone will actually pay 1.7M for a swamp mansion in the middle of nowhere.

JRSC00LUDE

12-14-2016, 05:09 PM

Originally posted by spikerS
A fool and their money will soon be parted...

Especially if you're Estimating the repair costs it would seem! :poosie:

spikerS

12-14-2016, 05:27 PM

Originally posted by JRSC00LUDE

Especially if you're Estimating the repair costs it would seem! :poosie:

well, without actually going there, and seeing the foundation damage (that's what scares me the most about this place), I went with worst case scenarios, and having to raise the house.

I still say this is a $400k+ repair.